Why now?

[ineededausername]

We've hit the long term support.  If Bitcoin goes under this, it is doomed.  I have confidence that it will not.

[RyNinDaCleM]

Damned resistance at $5.64 is keeping prices low.  I hope it turns out to be partially fake or something.

I know! Why won't they pull the sell bids back a little?

[johnj]

Damned resistance at $5.64 is keeping prices low.  I hope it turns out to be partially fake or something.

I know! Why won't they pull the sell bids back a little?

Less than 24hrs ago the price was $4.90.

Give them some time to get used to the bulls.

[Minsc]

However, this time I think we have sufficient pressure to eventually break the resistance.  The technicals are looking great.

The charts you mean?  You know every time the price gets a predictable pattern, it then changes and never does the same pattern again?

[Minsc]

if by weak holders you mean a significant amount of miners constantly selling their btc like clockwork.. ok then!

I think this is only a small portion of miners.  Most of the ones I've talked to say they aren't selling, like this guy begging for bitcoins when he has 23,000.  (Last time I had coins, I had less than 100)

If most miners sold, I think the price would just tank to under $1.

[Rassah]

if by weak holders you mean a significant amount of miners constantly selling their btc like clockwork.. ok then!

I think this is only a small portion of miners.  Most of the ones I've talked to say they aren't selling, like this guy begging for bitcoins when he has 23,000.  (Last time I had coins, I had less than 100)

If most miners sold, I think the price would just tank to under $1.

I'm mining, and buying more instead of selling. So you're likely correct.

[RyNinDaCleM]

I mine, and trade! All in effort to amass some BTC! What I have in the exchange is always more than I put in! I pull the *extra* back out and continue, leaving the initial amount in my account!

[fcmatt]

you guys make it sound like no one has to pay for electricity, cooling, space, etc... it sucks a lot of money out of bitcoin everyday.

[RyNinDaCleM]

... it sucks a lot of money out of bitcoin everyday.

So does Gox! ; )

[mmortal03]

If it is as many are hoping, we may have finally reached the true bottom after a 3-4 month correction. It may have never been a bubble, just a correction. We just reached another new daily high less then 5 minutes ago so BUY BUY BUY!

This is one they're probably looking at (the 365 day SMA line in purple):

[HostFat]

If the team release the new v0.4.0 client on next few days, I think that the faith on Bitcoin will grow as the price